Ironman International Ltd. (TSX-V: IMI; OTCQB: IMITF) has provided an update on its operations, highlighting a robust bid pipeline and the launch of a new subsidiary, Ironman Pipe Inspection (Ironman PI). The company's strategy rests on three pillars: business fundamentals, growth, and strategic alignment of staff and suppliers to deliver customer value.
In its directional drilling segment, which experiences seasonal fluctuations, the company has used the winter months for training and bidding on upcoming projects. Its telecom segment, Lite Access, provides stable year-round revenues, with crews kept busy due to a full work pipeline. The company attributes its success in a competitive market to strategic alignment and customer focus.
Ironman submitted over 220 bids in December 2025 and January 2026, anticipating a strong workflow for fiscal 2026. Bidding activity spans British Columbia, Alberta, Northwest Territories, Alaska, and the continental US. The company benefits from a dedicated workforce, owned equipment, and an internal maintenance department, enabling agility and high performance on diverse projects.
Based on audited financials, directional drilling operations experienced significant growth from expansion into Alaska. Ironman will announce FY2025 revenues and FY2026 guidance in March. The company has doubled its staff from FY2024 to FY2025 and reinvested earnings into training, capital assets, and new segments to drive shareholder value.
Ironman PI will provide comprehensive inspection services for critical pipeline systems, leveraging the company's civil works background to support utility projects across North America. The new division will also conduct location services on company projects, preventing costly delays. More information is available at www.ironmanpi.com.
In a corporate update, the company awarded incentive stock options to directors, officers, employees, and consultants to align interests with shareholders. The company has entered 2026 with a motivated and talented staff focused on delivering high-quality services and growth.
Additionally, Ironman's common shares have been upgraded to trade on the OTCQB Venture Market under the symbol IMITF, effective February 18, 2026. The company trades on the TSX Venture Exchange under the symbol IMI.
